Richmond
294 Queen Street, Richmond, Tasman
+28
Exceptional investment and business opportunity
This is a rare chance to secure a high-performing freehold property with multiple income streams, alongside the opportunity to acquire the well-established Queen Street Studios hotel business operating onsite.
Set on 1,565 sqm (more or less) of land with a floor area of 1,050 sqm (approximately), the property features a 20 room hotel, including a two-bedroom, two-bathroom manager's residence.
In addition, the site includes two independently leased restaurants and a popular coffee cart tenancy fronting the property, all providing secure passive income.
Ideally located near Saxton Stadium, the hotel enjoys consistently strong occupancy from sporting teams, conference delegates, international travellers, and regional guests. Free public parking is available directly behind the property, further enhancing accessibility and appeal.
An outstanding opportunity for both investors and owner-operators.
For sale by way of offers over $6,000,000.00 + GST (if any).
Gill Ireland
BE Nelson Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
Two restaurant anchor tenants
Prime frontage
Located on the street front of Richmond's main street
Opportunity
Opportunity to purchase a 20-room hotel that generates great returns
Land area breakdown
1,565sqm (more or less) of land area
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Property files
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